Bogart Wealth LLC Has $50,000 Stake in Restaurant Brands International Inc. (NYSE:QSR)

Bogart Wealth LLC decreased its holdings in shares of Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 56.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 772 shares of the restaurant operator’s stock after selling 989 shares during the period. Bogart Wealth LLC’s holdings in Restaurant Brands International were worth $50,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its holdings in Restaurant Brands International by 79.4% during the third quarter. Farther Finance Advisors LLC now owns 418 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 185 shares during the last quarter. Plato Investment Management Ltd acquired a new position in Restaurant Brands International during the third quarter worth $61,000. Crewe Advisors LLC acquired a new position in Restaurant Brands International during the fourth quarter worth $74,000. MassMutual Private Wealth & Trust FSB boosted its holdings in Restaurant Brands International by 74.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,325 shares of the restaurant operator’s stock worth $86,000 after purchasing an additional 567 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in Restaurant Brands International by 123.9% during the third quarter. Blue Trust Inc. now owns 1,388 shares of the restaurant operator’s stock worth $98,000 after purchasing an additional 768 shares during the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

Restaurant Brands International Price Performance

NYSE:QSR opened at $64.53 on Friday. Restaurant Brands International Inc. has a 52 week low of $59.67 and a 52 week high of $83.29. The firm has a market cap of $20.94 billion, a price-to-earnings ratio of 16.17, a P/E/G ratio of 2.17 and a beta of 0.93. The firm’s 50-day simple moving average is $64.24 and its 200 day simple moving average is $68.04. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.94 and a current ratio of 1.02.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last released its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.29). Restaurant Brands International had a return on equity of 28.25% and a net margin of 16.01%. As a group, sell-side analysts predict that Restaurant Brands International Inc. will post 3.3 earnings per share for the current year.

Restaurant Brands International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be issued a $0.62 dividend. This is a positive change from Restaurant Brands International’s previous quarterly dividend of $0.58. This represents a $2.48 annualized dividend and a yield of 3.84%. The ex-dividend date is Friday, March 21st. Restaurant Brands International’s dividend payout ratio (DPR) is currently 58.15%.

Insider Buying and Selling at Restaurant Brands International

In other Restaurant Brands International news, insider Jill Granat sold 10,613 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $70.41, for a total value of $747,261.33. Following the transaction, the insider now directly owns 388,759 shares of the company’s stock, valued at $27,372,521.19. This trade represents a 2.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sami A. Siddiqui sold 5,579 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $64.20, for a total transaction of $358,171.80. Following the completion of the transaction, the chief financial officer now directly owns 27,266 shares in the company, valued at approximately $1,750,477.20. This represents a 16.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 113,510 shares of company stock valued at $7,774,020 in the last ninety days. 1.36% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on QSR. CIBC reduced their target price on shares of Restaurant Brands International from $86.00 to $78.00 and set an “outperform” rating for the company in a report on Thursday. Morgan Stanley cut their price target on shares of Restaurant Brands International from $81.00 to $73.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Guggenheim upgraded shares of Restaurant Brands International from a “neutral” rating to a “buy” rating and cut their price target for the company from $74.00 to $71.00 in a research note on Friday, January 24th. Barclays cut their price target on shares of Restaurant Brands International from $83.00 to $80.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, TD Securities reiterated a “buy” rating and issued a $70.00 price target on shares of Restaurant Brands International in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, Restaurant Brands International presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.96.

About Restaurant Brands International

Restaurant Brands International Inc operates as a quick-service restaurant company in Canada, the United States, and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and other food products.